Initiative for smart and secure commercial real estate launched

Technology solutions company and cybersecurity firm establish alliance

Initiative for smart and secure commercial real estate launched

Technology solutions firm RYCOM and security company Blackpoint Cyber have announced the formation of an exclusive partnership that will see the duo ensuring smart and cyber-secure commercial real estate in North America.

The alliance was formed in response to the growing importance of data analytics, digital transformation strategies, and AI in commercial real estate.

RYCOM and Blackpoint emphasized that these advancements have very real-world consequences, not just in cyberspace. These compelling reasons are why the joint initiative came at the perfect time, the companies stated.

“Commercial building networks have become one of the most diverse and complex technology landscapes in the world with applications such as HVAC, physical security, parking, public Wi-Fi, and lighting all running over common IP-based networks. Adding to the challenge is the fact that these networks must be open to provide maximum benefits to both owners and tenants,” the announcement noted.

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“For the real estate industry, implementation of smart technology, AI, and PropTech into our everyday property operations is expanding at a rapid pace. These smart tech deployments will stress our existing cyber strategies and therefore, enhancing cyber precautions is essential,” according to Cheryl Gray, co-chair of BOMA Canada’s Cyber Security Committee and EVP of enterprise innovations at QuadReal Property Group.

“We need to keep up with the evolution of the various types of cybercrimes as we move closer and closer to a fully connected society. Attacks on smart buildings will surge in the coming decade; smart buildings are excellent targets because cyber attackers are able to maximize damage and profit with minimal effort,” Blackpoint founder and CEO Jon Murchison added.